What is 'Professional Client'? | Freetrade Dictionary

More terms

Nominal amount

The face value of a gilt. It represents the amount that will be repaid to the holder at maturity and is also used to calculate the dividend or coupon payment.

Exchange-Traded Fund (ETF)

A collection of investments, pooled into a single fund that can be bought and sold on a stock exchange.

Know Your Customer (KYC)

A legal requirement for financial firms to understand exactly who their customers are. Used to prevent money laundering and terrorist financing.

Hedge Fund

Investment funds that are often associated with riskier and shorter-term trading strategies.

Depository

We look at what is a depository and what role they play in keeping markets work.

Dirty price

The total price payable on the purchase of a gilt. It’s calculated as the clean price plus accrued interest.

Venture Capital Trust (VCT)

A listed company run by a fund manager, investing mainly in private companies.e.

Limit order

Learn what a limit order is and how to use it to make the most of your portfolio.

Income statement

A summary of a company's income and expenses over a set period of time.

Professional Client